China crackdown weighs on London’s FTSE 100 November 28, 2022 London’s FTSE 100 was today weighed down by fears Chinese authorities could drag down global growth by responding forcefully to protests against the country’s zero-Covid policy. The capital’s premier index dropped 0.17 per cent to 7474.01 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, [...]
Teens keep flocking to TikTok for book inspiration November 23, 2022 Youngsters say that TikTok has helped them rediscover their love for reading, as the tech giant continues to push into the book selling market. New research from the Publishers Association published today found that BookTok, the social media trend focusing on books and literature, is playing a key role in getting Gen-Z reading again. In a [...]
Volkswagen: China sales remain on par with 2021 as Covid and shortages continue November 22, 2022 Volkswagen forecasts China sales in 2022 to be on par with last year’s levels as the impact of the pandemic and of semiconductor shortages lingers on. The automotive manufacturer told German business newspaper Handelsblatt it was expecting to deliver 3.3 million vehicles – 14.3 per cent down from previous expectations. “This corresponds to a market [...]
Fears of tougher restrictions sweep China after first Covid death in months November 21, 2022 Fears of tougher restrictions have reignited across China today, after the country recorded its first Covid-19 death in six months. On Sunday, an 87-year-old man in Beijing died as infections across the country spike. Beijing has in recent days moved to confine some residents to their homes and ordered others to quarantine centres. Markets fell [...]
Revolut and the race – or not – to superapp status November 17, 2022 What on earth is a superapp and do we really want one, asks Charlie Conchie
Ed Warner: If Liverpool’s owners want to sell, expect more American buyers November 17, 2022 Ed Warner addresses why American investors are the most likely purchases of any Liverpool shares on the market, why England’s Rugby World Cup defeat was good for the women’s game, and cricket song choices with a sense of humour. Forty-three days without the Premier League. Three days in and already I’m suffering withdrawal symptoms. Yes, [...]
La Clique Leicester Square review: Camp cabaret is essential for Christmas November 16, 2022 Leicester Square is probably number one on the list of places Londoners avoid at all costs, but during Christmas there’s a surprisingly decent market there that’s atmospheric enough to justify breaking our avoidance pacts. The centrepiece of it is the Spiegeltent, an in-the-round theatre space hosting La Clique, which has become the Christmas cabaret tipple [...]
Going cold: Mercedes follows in Tesla’s footsteps and cuts EV prices in China November 16, 2022 Mercedes has followed in Tesla’s footsteps and cut the price of its electric vehicle (EV) models in China due to a slowing demand. The luxury car maker announced late on Tuesday the price of the EQE electric SUV would be cut by 9 per cent while the EQS model would be between 11 and 22 [...]
Estée Lauder snaps up Tom Ford in £2.4bn luxury swoop November 16, 2022 Estée Lauder announced that it would be buying designer fashion house Tom Ford in a deal worth $2.8bn (£2.4bn). The deal, which was announced late last night, is the luxury cosmetics biggest acquisition to date. The French firm said the tie-up would “unlock new opportunities” for both sides. Under the agreement, Tom Ford, Founder and [...]
Europe set for diesel supply scramble as high prices expose tight markets November 15, 2022 Europe could be scrambling for diesel supplies over the winter, the International Energy Agency, amid ultra-high prices.